Detailed text transcripts for TV channel - MSNBC - 20111209:20:54:00
Plan for a second, a 15% flat tax, which is essentially half of what herman cain was proposing, and it doesn't get very much attention, but this would be a fiscally preposterous plan. america would be absolutely bankrupt if this was put in place. this supply-side fantasy that former treasury secretary paul o'neil said to me would be the kind of policies that would be amusing if they weren't so dangerous. >> tim dickinson of "rolling stone" magazine, thanks so much for joinin ining us. >> my pleasure. >> we'll be right back to clear the air. [ coughs ] what is this shorty? uh, tissues sir, i'm ...